June 14, 2016
Santa Monica-based BLT Enterprises acquired a four-building office, flex and industrial portfolio encompassing 170,447 square feet from El Segundo, CA-based Cordia Capital Management for $28 million.
The assets span four Orange County cities and include 9700 Toledo Way in Irvine, CA, a 73,066-square-foot industrial building; 12640 Knott St. in Garden Grove, CA, a 47,662 square-foot industrial building; 15 Argonaut in Aliso Viejo, CA, a 41,519 square-foot office/flex building; and 2100 S. State College Blvd. in Anaheim, CA, an 8,200 square-foot office building.
BLT Enterprises’ Bernard Huberman says the assets are 100% occupied and strategically located in growing infill markets. The properties are leased to Securitas Security Services USA, Ambry Genetics, Compass Group USA, and Exhibitree.
Lee & Associates’ Kurt Bruggeman and Ryan Swanson represented the buyer. Cushman & Wakefield’s Jeff Chiate and Jeff Cole represented the seller.